SINGAPORE: Certificate of Entitlement (COE) premiums closed lower across all categories in the latest bidding exercise on Wednesday (Feb 21).
For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$36,810, down from S$40,000 in the last exercise.
Premiums for larger and more powerful cars in Category B fell to S$39,000 from S$42,322.
Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$38,801 from S$39,903.
Motorcycle premiums closed at S$7,667, down from the record high of S$8,451 in the last exercise.
COEs for commercial vehicles, which include goods vehicles and buses, fell to S$36,859 from S$38,303 in the previous bidding exercise.
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A total of 6,595 bids were received, with a quota of 4,373 COEs available.
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wah you damn bad....reopening old wounds of those who renewed their coes way ahead of expiry because they thought pqp would trend upwards after growth was cut to 0%
Those who renewed way earlier ahead of expiry should be still able to get back their PARF (and the un-used renewed coe) if they de-register before the end of the original 10years.
Then go get a new car with the lower coe now!!
In the second COE bidding exercise for February, COE premiums see a decrease across the board.Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, decreased by $3,190 (8.0 percent) and ended at $36,810.Premiums for Cat B, larger cars with more than 130bhp or engine displacements larger than 1,600cc, went down by $3,322 (7.8 percent) and ended at $39,000.In Cat E, the open category, prices also fell by $1,102 (2.8 percent), with premiums closing at $38,801.The drop in COE premiums for this round of bidding is not surprising, considering the lack of any significant new car launches since the Singapore Motor Show last month.Another contributing factor could be that vehicle buyers have already made their purchases prior to the Lunar New Year and the implementation of the new Vehicular Emissions Scheme , which kicked in earlier this year.
